SundáeSwap DEX

SundaeSwap is the first true AMM DEX built on Cardano. Swap, stake and farm safely and securely. SundaeSwap is a platform that allows users to swap, stake, lend, borrow.

SundaeSwap is a decentralized exchange protocol for the Cardano Network, enabling native token and ADA exchanges for anyone. With its protocol, you will be able to swap, stake, lend, borrow, and more in a truly decentralized way!

Swapping on SundaeSwap is very simple. You start by clicking on ‘ Swap ’ in the navigation menu. Choose the tokens that you want to swap from and to using the dropdowns. Once the ‘Swap’ button appears enabled, click ‘Swap’ Click on ‘Order Swap’, and then your wallet will ask your permission for the transaction.

SundaeSwap is a decentralised, autonomous protocol for trading Cardano projects and tokens, on the Cardano blockchain. The application is (at the time of writing) in public beta on the Cardano mainnet. As a result, the functionality is a little bit behind other DEXs such SpookySwap (Fantom network) and Trader Joe (Avalanche). SundaeSwap, however, does still allow users to swap tokens, provide liquidity, and farm to earn yield. Like all other DEX’s you will need to make sure you have some Cardano in a wallet to pay for gas fees. Let’s jump in and learn how to use SundaeSwap!

Liquidity Pools

A liquidity pool (LP) is a pool of two tokens, e.g. $ADA and $SUNDAE tokens. Users can earn a share of the trading fees within the pool by depositing a pair of tokens into the LP (also known as “adding liquidity”). You will receive an LP token, representing your share of the LP. This is a super simple process!

You have a couple of options to move forward here.

1. You can click on the “Provide Liquidity” button on the homepage (highlighted) below. OR We would recommend scrolling through the list of liquidity pools, pressing the ‘More’ button for the one that interests you the most. This displays information about the pool. Then click the ‘Provide Liquidity’ button. 2. Enter the amounts of each token that you wish to deposit to the liquidity pool, and then press ‘Provide Liquidity’ button. 3. Click the “Order Deposit” button initiate the request to provide liquidity. 4. Approve the transaction within your wallet. 5. You will see the ‘Success’ message to see the swap has been queued. You check on the progress by clicking on the ‘View on Cardanoscan’ link.

6. After clicking ‘View Orders’, you can see that the order is pending. Once complete, it will be moved to the ‘On-Chain Order History’ section. Your LP tokens will now be available in your wallet, ready to go yield farming.